Budget revenues drop, deficit grows

Budget revenues drop, deficit grows

Tirana, 10 September 2015/Independent Balkan News Agency

Total revenue deficit as opposed to the general projection amounted to 15,3 billion ALL at the end of the 8 month period. The recent figures from the Albanian Ministry of Finance indicate that August has been another month with a poor performance in the collection of revenues.

According to the Ministry of Finance, deficit from taxes and customs grew to 18,5 billion ALL as opposed to initial projections, while excise and VAT remain the two problematic items.

The government is hoping in a further improvement in the collection of taxes, especially in the remaining months of this year thanks to the operation against informality.

According to PM Edi Rama, this operation has started to give results in the very first week. /ibna/